Structural Decline in Oil Demand
First written in FY2016. 24 of 34 entries say "Restated". Latest entry: FY2026.
Capita moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 4 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026Declining volumes and sales amid a shrinking distribution networkAnnual report
「Fuel oil prices remained stable as subsidies continued. However, sales volumes and revenue both declined at our group because the sales network also contracted.」
The company states that fuel oil sales volumes and revenue declined due in part to the contraction of its sales network, despite price stability supported by continued subsidies. - FY2026-H1RestatedAnnual report
「In fuel oil sales, sales volumes and revenue both declined, partly because prices remained stable as subsidies continued.」
Fuel oil sales volumes and revenue declined despite continued price stability supported by subsidies. - FY2025RestatedAnnual report
「Demand stagnated due to substantial price increases and further growth in cost-consciousness toward fuel oil, preventing an improvement in demand and causing sales volumes to stagnate.」
Demand stagnation and sluggish sales volumes continue against the backdrop of persistently high fuel oil prices and increasing cost-consciousness. - FY2025-H1RestatedAnnual report
「In fuel oil sales, we worked to secure appropriate earnings amid persistently high procurement prices. However, compared with the previous year, demand stagnated due to higher crude oil prices and increasing cost-consciousness, preventing an improvement in demand and causing sales volumes to stagnate.」
The stagnation of fuel oil demand and sluggish sales volumes due to higher crude oil prices and cost-consciousness continues. - FY2024RestatedAnnual report
「In fuel oil sales, we worked to secure appropriate earnings amid continued increases in procurement prices. However, compared with the previous year, demand stagnated due to higher crude oil prices and increasing cost-consciousness, preventing an improvement in demand and causing sales volumes to stagnate.」
The full fiscal year confirmed the continuing stagnation of fuel oil demand and sluggish sales volumes against the backdrop of higher crude oil prices and cost-consciousness. - FY2024-Q3RestatedAnnual report
「Compared with the previous year, demand stagnated due to higher crude oil prices and increasing cost-consciousness, preventing an improvement in demand and causing sales volumes to stagnate.」
The stagnation of fuel oil demand and sluggish sales volumes against the backdrop of higher crude oil prices and cost-consciousness has continued. - FY2024-Q2WorsenedAnnual report
「In fuel oil sales, we worked to secure appropriate earnings amid continued increases in procurement prices. However, compared with the previous year, demand stagnated due to higher crude oil prices and increasing cost-consciousness, preventing an improvement in demand and causing sales volumes to stagnate.」
Although fuel oil demand was expected to recover, higher crude oil prices and increasing cost-consciousness prevented demand from improving, with the impact emerging as stagnant sales volumes. - FY2024-Q1Demand recovery coexisting with consumption slowdown caused by higher pricesAnnual report
「The impact of COVID-19 is also trending downward, and fuel oil demand is beginning to recover. However, global crude oil prices remained unstable amid the Russia-Ukraine conflict, and oil prices continued to be volatile.」
While the impact of the pandemic has eased and fuel oil demand is recovering, unstable crude oil prices and higher prices have slowed fuel oil consumption. - FY2023RestatedAnnual report
「Including the recent issue of declining fuel oil demand, we believe that corporate activity cannot avoid addressing this issue.」
The decline in fuel oil demand continues to be described as a structural issue that the core business must address. - FY2023-Q1RestatedAnnual report
「Amid an accelerating global movement toward carbon neutrality and the shift to electric vehicles, the impact of customers switching away from fossil fuels and accelerating increases in crude oil prices resulted in oil products remaining on a structural downward trend in demand.」
The company continues to report a structural decline in demand for oil products against the backdrop of carbon neutrality, the shift to electric vehicles and fuel switching away from fossil fuels. - FY2022RestatedAnnual report
「Amid an accelerating global movement toward carbon neutrality and the shift to electric vehicles, the impact of customers switching away from fossil fuels and accelerating increases in crude oil prices resulted in oil products remaining on a structural downward trend in demand.」
The structural decline in demand for oil products against the backdrop of carbon neutrality, fuel switching away from fossil fuels and the shift to electric vehicles continued throughout the fiscal year. - FY2022-Q2WorsenedAnnual report
「Amid an accelerating global movement toward carbon neutrality, the impact of customers switching away from fossil fuels and accelerating increases in crude oil prices resulted in oil products remaining on a structural downward trend in demand.」
In addition to the existing structural decline in demand, the company identifies the movement toward carbon neutrality, fuel switching away from fossil fuels and accelerating crude oil price increases as contributing factors. - FY2022-Q1RestatedAnnual report
「Domestic oil products remain subject to a structural decline in demand.」
The structural decline in demand for domestic oil products continues, with a rapid shift from fuel-efficient vehicles to electric vehicles expected. - FY2021RestatedAnnual report
「As countries around the world successively announce a shift toward electric vehicles, the shift from fuel-efficient vehicles, including hybrids, to electric vehicles is expected to accelerate rapidly. Domestic oil products are on a structural downward trend, and the outlook remains uncertain.」
The company continues to recognize the expected progress of the shift to electric vehicles, the structural decline in domestic demand for oil products and the uncertain outlook. - FY2021-Q3WorsenedAnnual report
「As countries around the world successively announce shifts toward electric vehicles, the shift from fuel-efficient vehicles, including hybrids, to electric vehicles is expected to accelerate rapidly. Domestic oil products are subject to a structural decline in demand, and the outlook remains uncertain.」
The company newly states that countries worldwide have announced shifts toward EVs and that a rapid shift from fuel-efficient vehicles to EVs is expected, adding to the existing structural decline in demand. Reduced corporate activity due to the spread of COVID-19 is also continuing. Although no figure is provided, the decline in demand is described as part of the current operating environment, so materialized is true. - FY2021-Q2WorsenedAnnual report
「In the oil business, against a backdrop of the structural decline in demand for fuel oil and reduced corporate activity due to the spread of COVID-19, we focused on securing appropriate margins rather than volumes.」
In addition to the structural decline in demand caused by fuel-efficient and electric vehicles, reduced corporate activity due to the spread of COVID-19 is cited as an additional factor behind lower demand. - FY2021-Q1RestatedAnnual report
「Domestic oil products have been subject to a structural decline in demand as fuel-efficient vehicles, including hybrids, become more widespread and electric vehicle development advances, and the outlook remains uncertain.」
The company continues to cite the structural decline in domestic demand for oil products against the backdrop of fuel-efficient vehicles and electric vehicle development. - FY2020RestatedAnnual report
「Domestic oil products have been subject to a structural decline in demand as fuel-efficient vehicles, including hybrids, become more widespread and electric vehicle development advances, and the outlook remains uncertain.」
The structural decline in domestic demand for oil products due to the spread and development of fuel-efficient and electric vehicles was reaffirmed for the full fiscal year. - FY2020-Q3RestatedAnnual report
「However, domestic oil products have been subject to a structural decline in demand as fuel-efficient vehicles, including hybrids, become more widespread and electric vehicle development advances.」
The company continues to cite the structural decline in domestic demand for oil products against the backdrop of fuel-efficient vehicles and electric vehicle development. - FY2020-Q2RestatedAnnual report
「However, domestic oil products have been subject to a structural decline in demand as fuel-efficient vehicles, including hybrids, become more widespread and electric vehicle development advances.」
The company continues to cite the structural decline in domestic demand for oil products against the backdrop of fuel-efficient vehicles and electric vehicle development. - FY2020-Q1RestatedAnnual report
「The spread of fuel-efficient vehicles, including hybrids, and the increasingly rapid development of electric vehicles have continued to drive a structural decline in domestic demand for oil products.」
The company continues to cite the structural decline in domestic demand for oil products against the backdrop of the spread of fuel-efficient vehicles and advances in electric vehicle development. - FY2019WorsenedAnnual report
「The spread of fuel-efficient vehicles, including hybrids, and the increasingly rapid development of electric vehicles have continued to drive a structural decline in domestic demand for oil products.」
The structural decline in demand has continued, with progress in the development of electric vehicles added to the spread of fuel-efficient vehicles as a stated factor. - FY2019-Q3RestatedAnnual report
「Against this backdrop, in the oil industry, where our core business operates, domestic sales remained under pressure from the structural decline in demand for gasoline and other products caused by the spread of eco-friendly vehicles and the entrenchment of consumers' preference for saving, leaving the environment surrounding the company persistently challenging.」
The company continues to cite the structural decline in demand for gasoline and other products caused by the spread of eco-friendly vehicles and the entrenchment of consumers' preference for saving, together with the challenging operating environment. - FY2019-Q2WorsenedAnnual report
「However, domestic sales volumes continued to decline structurally as the spread of eco-friendly vehicles and fuel switching entrenched consumers' preference for saving amid higher crude oil prices, which were affected by geopolitical risks in the Middle East, making the decline in demand for oil products increasingly severe.」
In addition to the existing factors of eco-friendly vehicles, fuel switching and higher crude oil prices, geopolitical risks in the Middle East are explicitly identified as a factor, with the structural decline in demand becoming more severe. - FY2019-Q1WorsenedAnnual report
「However, domestic sales volumes remained under pressure as the structural decline in demand for petroleum products intensified, with fuel switching and entrenched consumer frugality caused by higher crude oil prices added to the impact of the growing adoption of fuel-efficient vehicles.」
The company adds fuel switching and consumer frugality caused by higher crude oil prices as factors behind the structural decline in demand, which it describes as becoming more severe. - FY2018RestatedAnnual report
「Domestic sales remained under pressure from the structural decline in demand for gasoline and other products caused by the growing adoption of fuel-efficient vehicles and entrenched consumer frugality, and the challenging operating environment surrounding the company continued throughout the fiscal year.」
The structural decline in demand for gasoline and other products due to fuel-efficient vehicles and consumer frugality, together with the challenging operating environment, was reiterated for the full fiscal year. - FY2018-Q3RestatedAnnual report
「Domestic sales remained under pressure from the structural decline in demand for gasoline and other products caused by the growing adoption of fuel-efficient vehicles and entrenched consumer frugality, and the environment surrounding the company remained challenging.」
The structural decline in demand for gasoline and other products due to the adoption of fuel-efficient vehicles and consumer frugality, together with the challenging operating environment, continues to be disclosed. - FY2018-Q2RestatedAnnual report
「Domestic sales remained under pressure from the structural decline in demand for gasoline and other products caused by the growing adoption of fuel-efficient vehicles and entrenched consumer frugality, and the environment surrounding the company remained challenging.」
The structural decline in demand for gasoline and other products due to fuel-efficient vehicles and consumer frugality, as well as the challenging operating environment, has continued. - FY2018-Q1RestatedAnnual report
「Domestic sales volumes remained under pressure from the structural decline in demand for gasoline and other products caused by the growing adoption of fuel-efficient vehicles and entrenched consumer frugality, and the environment surrounding the company remained challenging.」
The structural decline in demand for gasoline and other products due to the adoption of fuel-efficient vehicles and consumer frugality, together with the challenging operating environment, continues to be disclosed. - FY2017RestatedAnnual report
「In the oil industry, to which our core business belongs, domestic sales volumes remained in a challenging operating environment due to the structural decline in demand for gasoline and other products caused by the growing adoption of fuel-efficient vehicles and entrenched consumer frugality.」
The structural decline in demand for gasoline and other products due to fuel-efficient vehicles and consumer frugality continued throughout the fiscal year. - FY2017-Q3RestatedAnnual report
「During the cumulative third-quarter period of the oil industry, to which our core business belongs, from April 1, 2016 to December 31, 2016, domestic sales volumes remained in a challenging operating environment due to the structural decline in demand for gasoline and other products, driven by the growing adoption of fuel-efficient vehicles and entrenched consumer frugality.」
The structural decline in demand for gasoline and other products due to the adoption of fuel-efficient vehicles and consumer frugality continues to be disclosed. - FY2017-Q2RestatedAnnual report
「Domestic sales volumes remained in a challenging operating environment due to the structural decline in demand for gasoline and other products, driven by the growing adoption of fuel-efficient vehicles and entrenched consumer frugality.」
The structural decline in demand for gasoline and other products due to the adoption of fuel-efficient vehicles and consumer frugality has continued. - FY2017-Q1RestatedAnnual report
「Demand remained sluggish amid high gasoline prices, the growing adoption of fuel-efficient vehicles and entrenched consumer frugality, resulting in a challenging operating environment.」
The decline in oil demand attributable to the growing adoption of fuel-efficient vehicles and consumer frugality has continued. - FY2016First statedAnnual report
「In addition to demand remaining sluggish due to energy conservation and fuel switching, crude oil prices have fallen to levels near their lows since the Lehman shock, and total fuel oil sales are expected to fall below the previous year’s level.」
The company states that fuel oil sales volumes at service stations have declined due to the growing adoption of fuel-efficient vehicles and consumers replacing their vehicles.